Kipco’s Q4 net profit rockets 75%

Kuwait Projects Co, or Kipco, the Gulf state’s largest investment company, reported a 75 per cent rise in fourth-quarter net profit on Tuesday, saying its pay-television company OSN had performed strongly.

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Published: Wed 19 Feb 2014, 11:19 AM

Last updated: Fri 3 Apr 2015, 5:14 PM

Net profit in the three months to the end of December was KD14 million ($49.7 million), compared to KD8 million in the same period last year, the group said in a statement.

Kipco, a regional investment house with stakes in media, industrial, financial and real estate companies, said in June it was planning an initial public offering of OSN, which it said on Tuesday had nearly one million subscribers.

Published: Wed 19 Feb 2014, 11:19 AM

Last updated: Fri 3 Apr 2015, 5:14 PM

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